It’s a quirky story, but will open your eyes to a different perception of employment and how real estate can be a great vehicle to wealth.I wish you all the best!

Leaving aside if the JV is the best way to fund and assuming its not a scam than the fee is probably a very wise business move because a large percentage of the deals you see are from people who are delusional or are not taking numerous things into account (delays, closing cost, wrong comps, time, etc.).

Search the BP for ADU appraisals to encounter numerous examples.

You just need to close correctly and legally.We have several information and instruction documents we send out for free to anyone wanting to learn.I will reiterate -- no fight intended -- just advising what we have seen, done and developed over the past numerous years.Stay safe out there guysAlan 

There are numerous resources available, from books and online courses to local meetups and forums where you can connect with experienced investors.

(Google Florida condo special assessments)  And, you are correct, the HOA can impose numerous limitations that prevent it from being a good investment.

But you've had numerous experts in this thread, including lobbyists and lawyers tell you you're wrong, why you're wrong, and you continue to refuse the expert advice.

However I am concerned about getting too burned...I have now had numerous dealing with the sis and I realize she is consumate liar and can't be trusted.thanks all for your quick feedback.would you sell to her and be rid of it - or try to fight those leases and win a sweet 3 family?

I've seen postings on the front door of the property about investors trying to purchase it from the owner numerous times.

I could post numerous videos of guys doing it in way less time than 1 hour let alone two hours.